1 Canadian Dividend Stock I’d Trust for the Next Decade

A dividend stock with a high yield can feel risky. Yet there are ways to find those trustworthy dividend stocks that fall into the “just right” category. A dividend stock feels trustworthy when it pays you through good markets and bad ones without drama. Investors tend to trust companies that generate consistent profits, manage risk conservatively, and treat dividends as a long-term commitment rather than a marketing tool. A long history of uninterrupted payouts and steady dividend growth, and a business people rely on every day all help build that confidence. So let’s look at one solid dividend stock on the TSX today.

RY

Royal Bank of Canada (TSX:RY) is Canada’s largest bank and one of the most important financial institutions in the country. It operates across personal and commercial banking, wealth management, insurance, and capital markets, giving it a diversified earnings base that reduces reliance on any single economic driver. That scale matters. It allows RY to spread risk, invest heavily in technology, and maintain strong capital levels while continuing to grow. Its dominant market position in Canada, combined with a growing U.S. and global presence, makes it one of the most resilient businesses on the TSX.

Beyond size, RY stands out for its culture of risk management and disciplined growth. The bank has navigated multiple financial crises, housing downturns, and rate cycles while continuing to generate profits and pay dividends. Its conservative lending standards and diversified loan book help protect earnings even when parts of the economy slow. This stability is exactly why many Canadian investors treat Royal Bank as a core, long-term holding rather than a trade.

Into earnings

In its most recent earnings, Royal Bank delivered solid results despite a challenging economic backdrop. Revenue remained strong across key segments, with wealth management and capital markets helping offset softer conditions in other areas. The dividend stock continued to set aside prudent provisions for credit losses, reflecting cautious management rather than deteriorating fundamentals. Earnings remained more than sufficient to cover the dividend, reinforcing confidence in the sustainability of shareholder payouts.

Management also highlighted progress on strategic priorities, including digital banking investments and integration efforts tied to recent acquisitions. These initiatives are designed to drive long-term efficiency and earnings growth rather than short-term wins. Even with higher capital requirements and regulatory scrutiny, Royal Bank maintained robust profitability, showing why it continues to be viewed as the benchmark for Canadian banking performance.

Creating income

Royal Bank is a solid dividend stock to trust for the next decade as it combines scale, diversification, and a proven commitment to shareholders. Its dividend track record spans generations, with consistent growth supported by strong earnings and capital buffers. As interest rates shift, economies evolve, and new technologies reshape banking, RY has the resources to adapt without sacrificing stability.

For investors looking for a Canadian dividend they can rely on through multiple market cycles, Royal Bank remains one of the most dependable choices on the TSX. And right now, here’s what $7,000 could bring in through income alone.

COMPANYRECENT PRICENUMBER OF SHARESDIVIDENDANNUAL TOTAL PAYOUTFREQUENCYTOTAL INVESTMENTRY$230.2330$6.56$196.80Quarterly$6,906.90

Bottom line

When a dividend stock can keep rewarding shareholders during recessions, rate shocks, or market sell-offs, it earns the kind of credibility that makes investors comfortable holding it for years, not just quarters. Right now, Royal Bank remains at the top of that list.

The post 1 Canadian Dividend Stock I’d Trust for the Next Decade appeared first on The Motley Fool Canada.

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More reading

• The Ideal Canadian Stocks to Buy and Hold Forever in a TFSA
• TSX Is Beating Wall Street This Year, and Here Are Some of the Canadian Stocks Driving the Rally
• The Sole 2 Canadian Stocks to Hold Forever
• 3 Canadian Dividend Stocks to Buy and Hold for 20 Years
• 3 TSX Stocks I Think Everyone Should Own

Fool contributor Amy Legate-Wolfe has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.